Reporting on a recent release by Reuters, CNBC’s Dominic Chu, highlighted three important aspects of the latest news on Apple Inc. (NASDAQ:AAPL)’s smartwatch. Firstly, as stated by Chu, mass production of the smartwatch will begin in July.
Secondly, he mentioned that some suppliers are also being named in the release by Reuters, that included LG Display Co from south Korea and Heptagon from Singapore. Moreover, according to the release, manufacturing of the smartwatch will be done by Quanta Computer from Taiwan.
Thirdly, Chu added
“Apple aims to ship about 50 million of these smartwatches in the first year of the launch.”
He also mentioned that the smartwatch will feature a 2.5 inch arch screen and will have wireless charging capability.
The release by Reuters also mentions that the smartwatch will have a touch interface. Moreover, Quanta will largely be benefiting from this product as 70% of the assembly for the same will be done by Quanta, which is currently working on products like Apple Inc. (NASDAQ:AAPL)’s laptops and iPods. Therefore, the decline seen in the existing products may get compensated by this new product.
The product is said to hit stores in October, in line with the Christmas shopping season. The device is compatible only with other devices that run on Apple Inc. (NASDAQ:AAPL)’s iOS.
While similar devices, better known as ‘wearable computing devices’ have been launched in the past by competitors like Samsung, Sony Corp (ADR) (NYSE:SNE), Motorola, etc., the Apple Inc. (NASDAQ:AAPL) smartwatch may bring a kind of revolution in the market for wearable computing devices, as Apple as always succeeded in doing so while launching its iPhone, iPad, etc., in the past.
As per data released by International Data Corporation (IDC), worldwide shipments of these devices commonly known as ‘wearables’ will triple this year as compared to 2013.
Chu also said:
“We have heard all kinds of rumors before. But this one now, coming from Reuters, citing sources, is giving at least some product specs, as well as naming some suppliers and a possible mass production date as early as July.”